Bolden African News · Thursday 1 October 2026
Attijariwafa bank agrees to take majority control of Société Générale Ghana
Société Générale Group has agreed to sell its entire 60.22% stake in Société Générale Ghana. Morocco's Attijariwafa bank will acquire 55.22% and become the majority shareholder, while Ghana's Social Security and National Insurance Trust (SSNIT) will take the remaining 5%. The sale is subject to conditions precedent and regulatory approval, and the price was not disclosed.
Why it matters
It marks a Moroccan banking group's entry into English-speaking West Africa through the purchase of a European bank's local subsidiary.
Sources: MyJoyOnline, Nairametrics · 1 October 2026